Cathie Wood Bets Big on Nvidia Stock: Ark Buys $15.6 Million Worth of Shares as Jim Cramer Calls Chip 'Ab

Why high-conviction investor Cathie Wood bought Nvidia after it erased billions from May high

Ark Invest bought 79,000 Nvidia shares ($15.5M) after the stock's 17% decline from May highs, affirming conviction in the AI leader despite Ark's flagship fund down 6.38% YTD. The move underscores Nvidia as core infrastructure capex: data centre revenue +92% YoY makes it essential for foundation model training and deployment decisions.